Zillow Group (NASDAQ:Z) Upgraded at ValuEngine

Zillow Group (NASDAQ:Z) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, ValuEngine reports.

A number of other analysts have also issued reports on the company. Standpoint Research lowered Zillow Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. Cowen raised Zillow Group from a “market perform” rating to an “outperform” rating in a research note on Monday, April 8th. Bank of America lifted their price target on Zillow Group from $31.00 to $35.00 and gave the stock an “underperform” rating in a research note on Friday, May 10th. BidaskClub raised Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 4th. Finally, KeyCorp assumed coverage on Zillow Group in a research note on Friday, July 19th. They issued an “overweight” rating and a $66.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.84.

Z stock traded down $0.26 during trading on Thursday, hitting $49.70. 1,931,668 shares of the company traded hands, compared to its average volume of 2,960,698. The stock’s 50-day moving average is $47.59. The company has a current ratio of 4.73, a quick ratio of 3.98 and a debt-to-equity ratio of 0.25. Zillow Group has a 1 year low of $26.38 and a 1 year high of $58.75.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Thursday, May 9th. The financial services provider reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.14). The business had revenue of $454.10 million during the quarter. Zillow Group had a negative net margin of 11.35% and a negative return on equity of 3.18%.

In other news, Director Jay C. Hoag acquired 690,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average price of $42.04 per share, for a total transaction of $29,007,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO David A. Beitel sold 636 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $39.39, for a total value of $25,052.04. Following the completion of the sale, the chief technology officer now owns 39,050 shares in the company, valued at approximately $1,538,179.50. The disclosure for this sale can be found here. Insiders sold a total of 231,400 shares of company stock worth $10,360,125 in the last quarter. Company insiders own 19.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of Z. Coastal Investment Advisors Inc. increased its holdings in Zillow Group by 177.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 554 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 354 shares during the period. Advisor Group Inc. boosted its position in shares of Zillow Group by 30.1% during the 4th quarter. Advisor Group Inc. now owns 1,447 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 335 shares in the last quarter. Strs Ohio boosted its position in shares of Zillow Group by 33.6% during the 1st quarter. Strs Ohio now owns 1,662 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 418 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Zillow Group during the 1st quarter worth about $87,000. Finally, Kavar Capital Partners LLC acquired a new position in shares of Zillow Group during the 2nd quarter worth about $87,000. Institutional investors own 78.21% of the company’s stock.

About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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Analyst Recommendations for Zillow Group (NASDAQ:Z)

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